Question
A company has a beginning book value per share of $7.00, an expected growth rate of 15 percent, current earnings per share of $1.25, and
A company has a beginning book value per share of $7.00, an expected growth rate of 15 percent, current earnings per share of $1.25, and a required rate of return of 17 percent. If the dividend remains constant at $0.75 per share, what is next year's expected excess (residual) earnings per share?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
